Dollar General NNN Retail
911 Union Rd Gastonia, NC 28054
For Sale
Contact for pricing
2011 build-to-suit Dollar General absolute NNN with a corporately guaranteed lease and EFIS/brick exterior.
Property Size9,002 SF
Price / SF$171.72
Days on Market50
Property Features for 911 Union Rd
General Information
- Standard status
- Active
- Size
- 9,002 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Listing Agency:
Matthews
Listed By:
Josh Bishop · License #688810
Source:
Crexi
Added: Jun 4
Changed: Jul 23
Last Checked: Jul 23 at 6:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This 2011 build-to-suit retail property was constructed for Dollar General, featuring an exterior of EFIS and brick with no metal siding. The lease is an absolute NNN structure with zero management responsibility, and the lease is corporately guaranteed by Dollar General Corporation. Dollar General exercised their first renewal option with no landlord concessions.
The property is located on Union Rd, where traffic counts exceed 20,000 vehicles daily. The surrounding trade area includes a 3-mile population of 61,011 and a 5-mile population of 113,582, with an average household income of $86,761 annually.
Designed specifically for a Dollar General location, the building’s premium construction and corporate-backed lease structure support a straightforward, long-term net lease ownership profile.
The property is located on Union Rd, where traffic counts exceed 20,000 vehicles daily. The surrounding trade area includes a 3-mile population of 61,011 and a 5-mile population of 113,582, with an average household income of $86,761 annually.
Designed specifically for a Dollar General location, the building’s premium construction and corporate-backed lease structure support a straightforward, long-term net lease ownership profile.
Key Highlights
- 2011 build‑to‑suit Dollar General with EFIS and brick exterior (no metal sides).
- Absolute NNN lease with zero management responsibility for the landlord.
- Lease is corporately guaranteed by Dollar General Corporation.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.7k | $18.96 |
| − Vacancy | −$12.8k | −$1.42 |
| EGI | $157.9k | $17.54 |
| − OpEx | −$47.4k | −$5.26 |
| NOI | $110.5k | $12.28 |
9,002 SF · lease $18.96/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,514 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.31M
NOI $198,332 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Western Union
Bank
Dollar General
Discount Store
FAQs
What type of property is this?
Retail space - 2011 build-to-suit Dollar General absolute NNN with a corporately guaranteed lease and EFIS/brick exterior.
Where is this retail space located?
The property is located at 911 Union Rd Gastonia, NC.
What is the asking price?
The asking price for this property is $1,545,844.
What are key features of this property?
This property features: 2011 build‑to‑suit Dollar General with EFIS and brick exterior (no metal sides).; Absolute NNN lease with zero management responsibility for the landlord.; Lease is corporately guaranteed by Dollar General Corporation.
